Rhode Island Diminished Value

Diminished Value In Rhode Island

Diminished Value (DV) is the loss in market value that occurs when a vehicle is wrecked and repaired. A reasonable consumer will not pay the same price for a wrecked, then repaired vehicle, as they will for a vehicle with no accident history. Even if the repairs were done well, the vehicle will still lose value.

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Rhode Island Diminished Value Claims

Rhode Island is a diminished value state, which means you may be entitled to the diminished value of your vehicle after an auto accident. The statute of limitation on diminished value claims in Rhode Island is 10 years, and Rhode Island does have uninsured motorist coverage for diminished value. You can't submit a Rhode Island diminished value claim if you were the at-fault party in an accident, or if the damage was caused by something other than a collision. You can see if you qualify for a diminished value claim by filling in the claim review form below.

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